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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807853 times)
cypherdoc
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August 21, 2014, 07:52:22 PM
 #10961


How is that graph even remotely correct?  Visa can't go down?  Bitcoin can't go below 250 for 5 years?

Just throw the graph away and write "Bitcoin's potential is at least 100x its current value, Visa's potential is mostly used up".

i agree it's rather bizarre.  comparing Visa's stock price to Bitcoin's price doesn't make a lot of sense.  nor the timeframes as you mention.  it's just guessing on his part.
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August 21, 2014, 08:23:27 PM
 #10962

Clearest signal to switch from metals to crypto.  Imagine that lawsky wanted to apply same regs to gold.  Very doubtful that anything or anyone would make him stop or change his mind.  Bitcoin is very different.   It may be the next wealth sink like gold ETFs were but boy is there a lot of room to go before that even becomes an issue.
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August 22, 2014, 03:30:08 AM
 #10963

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the reason gold is tanking today and yesterday is rate hikes possibly on the horizon:

Just that dynamic alone is probably the most important thing to consider in the next five years.    You know they could raise rates but still lag inflation and so have no real effect and this is very likely to happen.   We have a large political influence so any raising of rates is quite certain to lag behind actual increases in monetary base.     There is so many factors pointing towards this and we have like a sleepy dead head reaction to the quite apparent danger.   Raising of rates effects government very badly, it increases the deficit.   Then USA has the lowest turnover time of its debt in the world, it has the largest amount to deal on every occasion also.  Yet it lacks the figures to support such a large debt overhang.

 So the influence on rates from this is massive and obviously going to lead to interest rates not being a reason for gold to go down.  I know thats the perception and I wont argue thats not the reason gold fell recently or any other time.   But at some point the real momentum in the situation is a lack of currency integrity on multiple fronts, dollar will be weaker then gold and thats why its a buy.   I wouldnt invest or hold for other reasons or speculative.                
Similar reasoning could have been applied to the housing debt 10 years back maybe.   Renting was cheaper then buying, even if capital appreciation was real for housing owners the underlying efficency supported the case for selling that asset.  So at that point housing debt vs dollar (or gold or whatever currency base you prefer) was weaker outlook.   Ag

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August 22, 2014, 03:36:38 AM
 #10964

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the reason gold is tanking today and yesterday is rate hikes possibly on the horizon:

Just that dynamic alone is probably the most important thing to consider in the next five years.    You know they could raise rates but still lag inflation and so have no real effect and this is very likely to happen.   We have a large political influence so any raising of rates is quite certain to lag behind actual increases in monetary base.     There is so many factors pointing towards this and we have like a sleepy dead head reaction to the quite apparent danger.   Raising of rates effects government very badly, it increases the deficit.   Then USA has the lowest turnover time of its debt in the world, it has the largest amount to deal on every occasion also.  Yet it lacks the figures to support such a large debt overhang.

 So the influence on rates from this is massive and obviously going to lead to interest rates not being a reason for gold to go down.  I know thats the perception and I wont argue thats the reason gold fell recently or any other time.   But at some point the real momentum in the situation is a lack of currency integrity on multiple fronts, dollar will be weaker then gold and thats why its a buy.   I wouldnt invest or hold for other reasons or speculative.                 
Similar reasoning could have been applied to the housing debt 10 years back maybe.   Renting was cheaper then buying, even if capital appreciation was real for housing owners the underlying efficency supported the case for selling that asset.  So at that point housing debt vs dollar (or gold or whatever currency base you prefer) was weaker outlook.   Ag

Helluva post right there.
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August 22, 2014, 03:47:14 AM
 #10965

we are at levels of federal debt to GDP ratios never seen before.  we cleared 100% back in Q4 2012.  how long can we keep it together?

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August 22, 2014, 04:22:21 AM
 #10966

oh, this is just great:

http://www.economist.com/news/united-states/21613272-police-missouri-suburb-demonstrate-how-not-quell-riot-overkill

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August 22, 2014, 07:01:35 AM
 #10967

in case you didn't catch my drift from yesterday's FOMC, the reason gold is tanking today and yesterday is rate hikes possibly on the horizon:

http://www.reuters.com/article/2014/08/21/us-usa-fed-george-idUSKBN0GL13I20140821

and then, you gotta wonder, why has the USD been rallying since 7/1?  it can't be that someone knew this was gonna happen, could it?

this is why one has to be a technical analyst.  shit starts happening on charts before the news ever comes out. 

ive been saying it since 2012 to start buying usd.. the 25 yr cycle was up and BRICS learned they got hosed by the deal they signed mid 80s
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August 22, 2014, 01:59:36 PM
 #10968

500 looks like strong support
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August 22, 2014, 02:04:09 PM
 #10969

gold and silver dropping, USD ramping, Bitcoin strengthening.
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August 22, 2014, 02:05:59 PM
 #10970

oh shit moar!

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August 22, 2014, 02:08:16 PM
 #10971

gold and silver in BIG trouble in the face of this:

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August 22, 2014, 02:16:28 PM
 #10972

no change here.  Bitcoin has devastated this asset:

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August 22, 2014, 02:17:43 PM
 #10973

Bitcoin UP, baby!
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August 22, 2014, 02:20:03 PM
 #10974

BOOM
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August 22, 2014, 02:22:00 PM
 #10975

little green line turning UP:

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August 22, 2014, 02:23:55 PM
 #10976

traderCJ & Teebone,

i am comin for ya, baby.

cypher
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August 22, 2014, 02:37:16 PM
 #10977

i'm sorry, but there is just not real growth in certain critical areas of the economy:

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August 22, 2014, 02:44:40 PM
 #10978

for all my former subs, what do u see here?  answer: a series of L translated cycles:

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August 22, 2014, 02:58:10 PM
 #10979

stocks rolling now...
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August 22, 2014, 03:00:01 PM
 #10980

What spawned the silver rally in 2011?  And where do you see the silver price by end of 2014?
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